Being made redundant is a really scary situation if you have a family, financial comittments and importantly you need to keep the roof over your head at a time when your income has reduced significantly.
Redundancy Insurance is ideally placed to give you the breathing space to find a new job, whilst you know your major bills (including your mortgage) are paid for each month.
State provision is not easy to assess, but even if you do qualify for some help with your mortgage payments, you know the timescale to get the state support is going to be slow, and the worst thing would be to fall behind with your mortgage payments at this time.
Redundancy Insurance doesn't need to be an expensive option, and if you can wait a few months before you need to claim then this cost is even less. Premiums are normally based on a cost per £100 of cover each month, so £1000pm of cover will cost twice the amount of £500pm of cover - age and sickness history are not normally factors.
Redundancy Cover can be for either a claim period 12 or 24 months, and can be combined with Accident & Sickness benefit in one policy.
Ask Easyswitch Mortgages for an Illustration of such invaluable protection, and more details of the level of cover you could afford.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
If you are considering any debt consolidation - Think carefully before securing other debts against your home.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
We normally do not charge any fees for our mortgage advice as the majority of mortgage lenders will pay us a procuration fee for our work. We do offer a fee-based service should you prefer, which will cost no more than 0.35% of the mortgage advance. Any mortgage procuration fee would then be rebated to you on completion. Some lenders do not pay a procuration fee, so we will need to charge you a flat fee for our advice and administration, typically £499. We also reserve the right to charge an administration fee for mortgage applications below £100,000, to ensure that we can earn a minimum of £500 from a combination of commission, fees and other income from a mortgage application. Please ask us for more details.
We can deal with our clients using our Online Mortgage Service, by telephone or face to face. By using our Online Mortgage Service you accept that our Independent Mortgage Advice is based upon the information you have provided us.
Easyswitch Mortgages and Easyswitch Insurance are trading names of Essex Mortgage Centre Limited. Essex Mortgage Centre Limited. Registered office : 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB. Company Registration Number 6009105, registered in England and Wales.
Essex Mortgage Centre Limited is an appointed representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Services Authority in respect of mortgage and insurance mediation activities only. Mortgage Next Network Limited is entered on the FSA register ( 300866)
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